SteelPeak Wealth 13F: Adds $32M to Cisco Systems (CSCO) Stake
SteelPeak Wealth increased its position in Cisco, holding over 418,000 shares valued at $45 million.
Reviewed by automated data checks against the source filing. How we make and check alerts
SteelPeak Wealth added 301,147 shares to its stake in Cisco Systems, Inc. ($CSCO), a 256.67% increase, according to a 13F filing with the SEC dated October 16, 2026. It reported 418,477 shares worth $45.04 million at the end of the quarter.
Find the original: SteelPeak Wealth 13F filings on SEC EDGAR
CSCO
Cisco Systems, Inc.
Key Points
- SteelPeak Wealth added 301,147 shares to its Cisco Systems position, raising its total to 418,477 shares valued at approximately $45.04 million as of October 16, 2026.
- Cisco recently traded around $107.67, which is 3.8% below its 50-day moving average but 8.3% above its 200-day average.
- The average price target for Cisco shares stands at $136.16, with 25 analysts rating it a buy.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Cisco Systems, Inc. alert may contain errors. Disclosures
SteelPeak Wealth boosted its stake in Cisco Systems, Inc. (NASDAQ: CSCO) by adding 301,147 shares, bringing its total to 418,477 shares. The value of this position is approximately $45.04 million, according to a filing on October 16, 2026.
What Changed in SteelPeak Wealth's Cisco Position
SteelPeak Wealth did not open a new position but increased its existing holdings by 256.67%. This move reflects a growing confidence in Cisco's growth potential as the company continues to operate in the technology sector.
Other Institutional Activity in Cisco
Other major institutional players showed various actions in Cisco during the same period. Blackrock Inc. trimmed its stake, selling 6,388,565 shares for a total of 358,672,289 shares valued at about $38.52 billion. Vanguard Capital Management LLC added 999,530 shares, increasing its total to 244,787,330 shares worth approximately $26.29 billion. Meanwhile, State Street Corporation also increased its position by 3,562,074 shares, ending with 197,153,062 shares valued at around $21.17 billion.
Cisco Systems, Inc. Stock Down 5.3%
Cisco shares are currently trading around $107.67, which is 3.8% below its 50-day moving average of $111.89 but 8.3% above its 200-day average of $99.40. This positioning suggests some volatility as the stock remains 17.4% below its 52-week high of $130.37 and 56.2% above its 52-week low of $68.95.
Recent Earnings
Cisco Systems reported trailing twelve-month revenue of about $63.32 billion, with a net margin of 21.0%. Its return on equity stands at 27.3%. The company is scheduled to announce its next earnings report on November 12, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
11 analysts raised price targets.
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EPS & revenue
EPS met estimates. Revenue beat estimates by 2.7%.
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Profit surprise
EBITDA missed by 24 percent. Operating income missed by 58 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 11 target raises.
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Earnings quality
Gross margin down 1.9 points. Operating margin up 2.4 points. Positive free cash flow.
Earnings Call Summary
Cisco delivered record 15.8 billion dollar revenue in the quarter, up 10 percent year over year, with networking revenue surging 21 percent driven by AI infrastructure demand and campus switching upgrades. The company shipped its millionth Silicon One chip, unveiled its new 102.4 terabit G300 processor, and expects strong AI orders exceeding 5 billion dollars for the year, though security revenue declined 4 percent due to Splunk transition to cloud subscriptions. Strong product order growth of 18 percent, especially from hyperscalers up 65 percent, shows broad momentum despite gross margin compression from memory cost inflation.
Guidance Cisco guided for full-year revenue of about 61.5 billion dollars and earnings per share of 4.15 dollars, putting the company on track for its strongest year. The company also raised its AI infrastructure order target to over 5 billion dollars for fiscal 2026, expecting to recognize more than 3 billion dollars in AI revenue.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Analysts Set New Price Targets
Recent analyst activity reflects mixed opinions on Cisco. On August 13, 2026, UBS maintained a buy rating with a target of $138.00. Conversely, HSBC downgraded its rating to hold with a target of $120.00 on August 14, 2026. Overall, the consensus from 25 analysts indicates a buy rating with a mean price target of $136.16.
About Cisco Systems, Inc.
Cisco Systems, Inc. designs and sells technology solutions that help organizations operate effectively online. With a focus on internet security and technology, the company serves a vast range of clients globally.
Bottom Line
Looking ahead, investors should monitor Cisco's performance closely, especially with the upcoming earnings report on November 12, 2026. This filing reflects SteelPeak Wealth's position as of the reporting period and may not represent its current holdings.
Related Filing Alerts
Source: SteelPeak Wealth's 13F filing on $CSCO (Oct 16, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: SteelPeak Wealth 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts